Market comment

Обзоры рынка 19.08.2013 Traders capped off the week dumping Ukrainian farming equities on Friday, August 16 following reports of potential agricultural sector losses incurred by Russia’s trade conflict with Ukraine. The WIG Ukraine Index of Warsaw-traded stocks dropped 1.5%, pulled down by its most actively traded equity, grain trader Kernel (KER PW -4.0%). Another weight on the index was farmer Agroton (AGT PW -3.2%), which has lost 12.6% in three straight negative sessions. Energy companies were also sold: Coal Energy dropped 3.9% and Serinus Energy (SEN PW) slid 2.9%. In London, investors sent shares of egg producer Avangard plummeting (AVGR LI -6.9%). Demand for mining stocks gave iron ore miner Ferrexpo (FXPO LN) a 3.2% boost, which was buttressed by Barclay’s initiating coverage at equal weight. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks decreased 0.2%, weighed down by Alchevsk Steel (ALMK UK -1.0%).